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Commercial Substance
A concept in accounting that indicates a transaction has significantly changed the economic conditions or the cash flows of an entity.
Units-Of-Production
A method of depreciation that distributes an asset's cost across its lifespan according to the quantity of units manufactured.
Double-Declining-Balance
An accelerated method of depreciation that doubles the rate at which an asset's book value decreases, resulting in higher depreciation expenses in the early years.
Straight-Line Method
A depreciation technique that allocates an equal amount of depreciation expense for a tangible asset over each year of its useful life.
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